Marcus & Millichap Brokers Sell Tarzana Multifamily Property For $9.7M On Calvert St
18529 Calvert Street
MultiFamily
22,936 SF
22,936 SF
Sold 1 year ago
Summary
An apartment building located at 18529 Calvert St in Tarzana, California was recently sold for a total price of $9,725,000. The multifamily property features a size of 22,936 square feet, resulting in a price per square foot of $424.32. The transaction included 24 units, with each unit being sold at an average price of $405,208. The capitalization rate for this sale was 4.53%, while the gross rent multiplier was 15.68.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,725,000
- Address: 18529 Calvert St
- Market: Tarzana
Filip Niculete and Glen Scher from Marcus & Millichap represented the parties involved in this transaction as the brokers. They played a crucial role in facilitating the successful sale of this apartment building in Tarzana.
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18529 Calvert Street
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